Blue-chip earnings in focus for Sensex and Nifty
Reuters Market Eye - Trading is expected to be dominated by corporate earnings in the near term, with blue chips including Reliance Industries Ltd (RELI.NS), HDFC Bank Ltd (HDBK.NS), Housing Development Finance Corp (HDFC.NS), and Axis Bank Ltd (AXBK.NS) set to post results.
Global factors will also be key after a Malaysian plane was shot down in eastern Ukraine, stoking tensions between Russia and the West.
Progress on monsoon would also be a key focus area for equity traders in the near term.
KEY FACTORS/EVENTS TO WATCH
Sat: Reliance Industries (RELI.NS), UltraTech Cement (ULTC.NS)
Mon: Canara Bank (CNBK.NS), HDFC Bank (HDBK.NS),
Housing Development Finance Corp (HDFC.NS),
Idea Cellular (IDEA.NS)
Tues: Axis Bank (AXBK.NS), Asian Paints (ASPN.NS)
Wedn: Cairn India (CAIL.NS)
Thurs: Wipro (WIPR.NS), Ambuja Cements, ACC (ACC.NS)
Fri: Punjab National Bank (PNBK.NS)
(Reporting by Abhishek Vishnoi)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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